250+ Ac. Land Development near Mohegan Sun Casino (CT)

ESSEX, Conn., March 1, 2006 -- When California-based Hackman
Capital Partners, LLC, set out with an eye on development possibilities
for 250 acres near the Mohegan Sun resort and casino in Montville, it
sought out Wayne D’Amico to help with those efforts.

Hackman Capital hired D’Amico, president and principal of
Essex-based Property Politics, in March 2004 to help refine and carry
out a development strategy for the property. A
California-based firm that specializes in acquiring and repositioning
real estate investments nationwide, Hackman Capital had just acquired
title to the bulk of the properties and was interested in developing the
site located just south of the Mohegan Indian Tribe Reservation, home
of the Mohegan Sun Casino, one of the nation’s largest gaming and
entertainment facilities.

“D’Amico performed above and beyond the expectations of the
project,” said Michael Hackman, Principal of Hackman Capitol
Partners. “We took great comfort knowing he was there in
Connecticut helping to ensure the processes moved along as
needed.”

“This was no simple project,” D’Amico recalls. “There
were multiple properties involved, requiring negotiations with multiple
owners, as well as varying-length options in place.
Additionally, there was planning and studies that needed to be done,
along with municipal permitting.”

In short, D’Amico represented Hackman Capital’s Connecticut
interests, tackling everything from the logistics of assembling the
multiple properties – including options, renegotiations and contracts –
to navigating the municipal permitting process and conducting a market
analysis of the property. Along the way, D’Amico also managed a
team of experts to work on the plans and also handled public relations
for the development proposals.

“This meant juggling a lot of details and a lot of varying
possibilities,” D’Amico said. “It required a lot of diligence,
follow-through and legwork.”

D’Amico’s efforts included development planning, site
acquisition, market and financial feasibility and public-sector
negotiations. In other words, he worked to figure out just how
Hackman Capital could best maximize the site’s potential.

By the summer of 2005, Hackman Capital had acquired title to
most of the necessary 11 properties and ultimately negotiated a sale of
its interested to Mohegan Hill Development, LLC a group headed by
Tarragon Corp., a publicly traded Real Estate Investment
Trust. Consummated in October 2005, the project sold for $33.5
million.

The future for the property remains unclear although
representatives of Tarragon have suggested a significant mixed use
development with luxury hotel and gold course are in the planning
stages.